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Talmer Bancorp Inc prices initial public offering
Talmer Bancorp Inc:Prices initial public offering of 15,555,555 shares of Class A common stock at a price of $13.00 per share.Of the 15,555,555 shares sold, 3,703,703 shares were sold by the company and 11,851,852 shares by selling shareholders.Selling shareholders grants underwriters a 30-day option to purchase up to an additional 2,333,333 shares of Class A common stock to cover over-allotments, if any.Expects proceeds from sale of shares to be about $42.5 million, after underwriting discounts and commissions, and estimated offering expenses.Company not to receive proceeds from the sale of shares by the selling shareholders.Expects Class A common stock to begin trading on the NASDAQ Capital Market under the symbol TLMR on Feb. 12.Closing of the offer expected to occur on Feb. 14.Keefe, Bruyette & Woods, Inc. and J.P. Morgan Securities LLC are the joint book-running managers for the offering.Raymond James & Associates, Inc., RBC Capital Markets, LLC and Sterne, Agee & Leach, Inc. are co-lead managers.Sandler O'Neill & Partners, L.P. is the co-manager.
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